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’Modest’: Size of small business lending fund in spotlight

’Modest’: Size of small business lending fund in spotlight

by Shared by The Sydney Morning Herald | Mar 6, 2019 | News

The Morrison government outlined a plan last November to improve small business access to finance through a $2 billion fund to buy bonds drawn from a pool of small business loans and in turn provide cheaper funding to smaller banks and non-bank lenders.Read more at...
Why Aussie fintechs are looking abroad

Why Aussie fintechs are looking abroad

by Shared by The Sydney Morning Herald | Jan 7, 2019 | News

“There are only so many people in our country: 26 million, and that includes one year olds. What’s the real number of potential customers out there?” the founder of contactless payments company Inamo says. Read more at the SMH.
Extra study and ethics training to be imposed on financial advisers

Extra study and ethics training to be imposed on financial advisers

by Shared by The Sydney Morning Herald | Nov 22, 2018 | News

The Financial Adviser Standards and Ethics Authority has been charged by the federal government to overhaul the minimum requirements advisers need in order to do their work and quietly dropped a draft of the new rules on Friday evening. Read the full article at...
’It’s not their money’: retirees vent anger at Labor dividend tax plan

’It’s not their money’: retirees vent anger at Labor dividend tax plan

by Shared by The Sydney Morning Herald | Nov 21, 2018 | News

“It’s not their money,” he told a parliamentary inquiry into the policy, “it belongs to Australian investors.”Read the full article at the Sydney Morning Herald.
Banks own up to errors and staff dishonesty on SME loans

Banks own up to errors and staff dishonesty on SME loans

by Shared by The Sydney Morning Herald | Nov 8, 2018 | News

Inappropriate sales practices and mistakes on account and loan fees were two key themes to emerge from the banking community’s responses to questions from the royal commission, though the big four banks said they were largely isolated incidents. Read the full...
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